2008–09 UCI Track Cycling World Cup Classics – Round 5 – Women's points race

Mainstream Renewable Power successfully raises EUR 90 million in additional equity funding to accelerate new market entries and build-out of gigawatt-scale renewable assets

Retrieved on: 
Monday, November 29, 2021
2008–09 UCI Track Cycling World Cup Classics – Round 5 – Women's points race, Wind, FTI Consulting, Eddie O'Connor (businessman), Watt, Neart Na Gaoithe, Provincial, Climate change, Hornsea, SOC, Growth, Renewable energy

The capital increase raised 90 million from Mainstream's current shareholder base, including Aker Horizons, which maintained its 75% stake in the company.

Key Points: 
  • The capital increase raised 90 million from Mainstream's current shareholder base, including Aker Horizons, which maintained its 75% stake in the company.
  • The funding round will help accelerate the company's growth, extend its footprint and support its ambitions of building a global renewable energy major.
  • "Today's announcement of an additional 90 million of funding means that Mainstream can accelerate its role in tackling climate change across the globe.
  • Caroline Cutler | Ojasvi Goel, FTI Consulting
    Mainstream Renewable Power is a leading pure-play renewable energy company with a global footprint.

Mainstream Renewable Power secures investment decision from Provincial Government for flagship offshore wind project in Vietnam

Retrieved on: 
Friday, November 12, 2021
Mainstream, Achievement, Industry, APAC, Electricity, Government, General manager, EVN, 2008–09 UCI Track Cycling World Cup Classics – Round 5 – Women's points race, Growth, IRC, PPA, Carbon, Eddie O'Connor (businessman), Hornsea, FTI Consulting, Wind, Renewable energy, Public relations

DUBLIN, Nov. 12, 2021 /PRNewswire/ -- In a vital step for the Phu Cuong Soc Trang Offshore Wind Farm, Mainstream Renewable Power ("Mainstream") today announces its receipt of a Decision on Investment and an Investment Registration Certification (IRC) from the provincial government of Soc Trang for the first 200 MW of the offshore wind farm. The project, once fully complete, will have a capacity of up to 1.4 GW and will generate enough electricity to power over 1.6 million homes, as well as mitigating 1.8 million tonnes of carbon dioxide emissions each year.

Key Points: 
  • The project is anticipated to reach financial close in 2022, enabling first power to commence as early as 2023.
  • Mainstream has been present in Vietnam since 2016 where it is developing 2.3 GW of solar and offshore wind assets.
  • "We commend the government for the progress made in encouraging the development of renewable energy in Vietnam to date.
  • Mainstream fully consented theNeartnaGaoitheoffshore wind project in Scotland, 450 MW, currently under construction.Thecompany'sSoc Trang 1.4 GW offshore wind development in Vietnam is one ofSouth-EastAsia's largest renewable energy developments.

Mainstream Renewable Power secures investment decision from Provincial Government for flagship offshore wind project in Vietnam

Retrieved on: 
Friday, November 12, 2021
Mainstream, Achievement, Industry, APAC, Electricity, Government, General manager, EVN, 2008–09 UCI Track Cycling World Cup Classics – Round 5 – Women's points race, Growth, IRC, PPA, Carbon, Eddie O'Connor (businessman), Hornsea, FTI Consulting, Wind, Renewable energy, Public relations

DUBLIN, Nov. 12, 2021 /PRNewswire/ -- In a vital step for the Phu Cuong Soc Trang Offshore Wind Farm, Mainstream Renewable Power ("Mainstream") today announces its receipt of a Decision on Investment and an Investment Registration Certification (IRC) from the provincial government of Soc Trang for the first 200 MW of the offshore wind farm. The project, once fully complete, will have a capacity of up to 1.4 GW and will generate enough electricity to power over 1.6 million homes, as well as mitigating 1.8 million tonnes of carbon dioxide emissions each year.

Key Points: 
  • DUBLIN, Nov. 12, 2021 /PRNewswire/ -- In a vital step for the Phu Cuong Soc Trang Offshore Wind Farm, Mainstream Renewable Power ("Mainstream") today announces its receipt of a Decision on Investment and an Investment Registration Certification (IRC) from the provincial government of Soc Trang for the first 200 MW of the offshore wind farm.
  • Mainstream has been present in Vietnam since 2016 where it is developing 2.3 GW of solar and offshore wind assets.
  • "We commend the government for the progress made in encouraging the development of renewable energy in Vietnam to date.
  • Mainstream fully consented theNeartnaGaoitheoffshore wind project in Scotland, 450 MW, currently under construction.Thecompany'sSoc Trang 1.4 GW offshore wind development in Vietnam is one ofSouth-EastAsia's largest renewable energy developments.